The Moderating Role of Perceived Risks in the Relationship between Financial Knowledge and the Intention to Invest in the Saudi Arabian Stock Market

被引:21
|
作者
Shehata, Saleh M. [1 ]
Abdeljawad, Alaa M. [1 ]
Mazouz, Loqman A. [1 ]
Aldossary, Lamia Yousif Khalaf [1 ]
Alsaeed, Maryam Y. [1 ]
Sayed, Mohamed Noureldin [1 ]
机构
[1] Imam Abdulrahman Bin Faisal Univ, Coll Appl Studies & Community Serv, Finance Dept, POB 1982, Dammam 31441, Saudi Arabia
来源
关键词
financial knowledge; perceived risks; intention to invest; Saudi Arabian Stock Market; LITERACY; BEHAVIOR; ATTITUDE; MODELS;
D O I
10.3390/ijfs9010009
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
This research study aims to investigate the moderating role of perceived risks in the relationship between financial knowledge (represented by objective knowledge and subjective knowledge) and the intention to invest in the Saudi Arabian Stock Market. The researcher collected data from four hundred Saudi Arabian participants who were interested in investing in the Saudi Arabian Stock Market. The researcher used structural equation modeling (SEM) through the Smart PLS 3.3.2 software to analyze the data. This study's findings indicate that, in the formation of financial knowledge, the total effect of Subjective knowledge is greater than the total effect of objective knowledge. The findings also indicate that there is a positive relationship between financial knowledge and perceived risks and between financial knowledge and the intention to invest. Finally, the findings indicate that perceived risks have a negative effect on the relationship between financial knowledge and the intention to invest in the Saudi Arabian Stock Market.
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页数:16
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